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Biotech / Medical : Ligand (LGND) Breakout!
LGND 199.20+0.1%Nov 21 9:30 AM EST

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To: Proton who wrote (15753)2/24/1998 1:57:00 AM
From: HerbertOtto  Read Replies (2) of 32384
 
<< Buyer's Last Warning ... Judgement Day >>

I've read many of your posts, and am familiar with your triangle. That works for me. The greed and fear that goes into making up a triangle always gets my attention. I mentioned 2-26 as last chance - thinking it could break-out sooner - and partly jerking FUGAZI's chain - him hoping for a 2 or 3 point drop so he can buy at a bargain price.

LGND participants will not want to go into the weekend without their desired number of shares in ownership. Lots of biotech news comes out between Friday close and Monday open.

So... with the triangle apex-ing, and the weekend approaching, and the NDA application coming, no trader will want to wait for Friday(have been up days lately)... hence Thursday ( or sooner).

I'm still hoping for one more test of the gap before the take-off.

Good luck,
Herbert
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